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Oil, Gas and Emerging Alternatives (OGEA)
We provide professional services to our clients across the value chain of hydrocarbons - exploration and production through to fuels and chemicals, gas from the source to consumers and the emerging alternatives.
We provide professional services to our clients across the value chain of hydrocarbons - exploration and production through to fuels and chemicals, gas from the source to consumers and the emerging alternatives.
We are conscious of the challenges that oil companies are faced with due to increasing demand for reduction in emissions, and the need to adopt newer ways of meeting fuel and feedstock demand.
We effectively assist clients in dealing with governance, sustainability and profitability challenges while helping them meet growth aspirations.
Our clients differentiate us for our global experience. They benefit from deployment of PwC’s in-house tools developed to withstand the dynamic business environment.
How PwC can help
We work across an unrivalled client base, ranging from large traditional and complex organisations to some of the most innovative. We have extensive experience in working with ministries, regulatory bodies, industry federations as well as most public and private sector companies in the sector. Our professionals receive extensive industry experience and have a deep understanding of the many issues that confront the sector.
Petroleum industry
Oil and gas companies are globally witnessing an increasingly uncertain business environment. The increasing competition and subdued commodity prices amidst slowing consumption is leading to global oversupply. With the COVID-19 pandemic also contributing to the underwhelming market growth, there is increased pressure on the incumbents to optimise their asset portfolios, asset performance and product mix in a responsible manner to build competitive advantage and create unique value propositions.
Our services in this area includes:
- Navigating the policy and regulatory framework
- Facilitating market entry and investment decisions
- Evaluating emerging alternatives’ market supporting circular economy
- Operating assets even more efficiently
- Embracing IT, operations technology and advanced technology
- Facilitate virtual pipeline logistics evolution
- Creating value through acquisition, divestitures and investments
Services
Evaluating risk and return of target investment
Increasing regulatory, shareholder and market pressure on oil and gas companies amidst growing complexity of options is making it even more challenging to deliver year-on-year improved performance.
Establishing sound and reliable risk management strategies and framework is imperative for organisations to be resilient. It is also critical to promote a firm-wide culture of risk awareness where all internal divisions and external stakeholders take ownership for managing and reducing risk exposure in their respective operations. To achieve these objectives, companies in the Indian Oil & Gas and Emerging Alternatives sector are laying increasing focus to develop and implement a robust risk management program with the assistance of PwC.
We support clients in identifying, understanding and managing risk and help ensure an appropriate balance between risks and opportunities. While doing so, we follow best fit approaches, including the business process management.
How PwC can help
PwC has a dedicated team of subject matter experts to support you in defining clear risk management strategies and framework including early identification risks, risk ratings, qualitative and quantitative analysis of risks, etc.
Our key offerings include:
Choosing the right risk framework to suit client organisation’s requirements
Identifying, assessing and managing various categories of risk
Developing risk registers, reporting frameworks
Quantitative risk analysis using suitable methods
Technology enablement for risk monitoring and tracking
Setting up streamlined risk management processes
Developing business policies, processes and procedures
Setting up various performance KPIs linked to risks that an organisation faces
Developing and implementing effective risk mitigation measures
Integrating the risk management program with other Governance, Risk and Compliance processes
Using technology and digitalisation tools to strengthen organisation by risk management
Making the best of investing in the growing Oil & Gas and emerging alternatives sector
Oil & Gas companies are globally witnessing an increasingly uncertain business environment. The increasing competition and subdued commodity prices amidst slowing consumption is leading to global oversupply. Energy transition is now a reality. Alternatives are emerging. With the recent COVID-19 pandemic also contributing to the underwhelming market growth, there is increased pressure on the incumbents to optimise their asset portfolios and product mix to build competitive advantage and create unique value propositions.
Amidst this, in India, the gas sector is growing leaps and bounds. LNG imports are growing caused by added infrastructure. The national oil companies are adding newer refining and petrochemicals capacity. Distribution, retail, virtual pipelines are adding to the capital demand. That’s making global oil companies and niche regional players look at fresh investments in India, just like local medium and large companies are.
How PwC can help
PwC’s Oil & Gas and Emerging Alternatives team can work with you to strengthen your existing portfolio and help you to capitalise on revenue diversification and business expansion opportunities. We can support you in making the right business decisions by analysing the market through multiple lenses to capture unique value pools.
We can:
Provide market entry and business development support covering market assessments and policy, regulatory and pricing advisory
Provide petroleum commodities contract advisory services
Develop commercial strategy advisory covering go to market support, trading strategy support, optimising sourcing strategies, new product/application introductions and designing unique CVPs
Identify capital investment opportunities, assess them from different perspectives and frame mitigation plans for potential risks
Scout the market for value creation opportunities through identification of potential M&A targets, JV partners or investors
Provide end-to-end transaction advisory services including vendor/target due diligence, independent valuation studies, deal structuring and formulation of transaction agreements
Enhance value realisation through development of business plans, creation of roll-out strategies and post-transaction implementation support
Leverage digital and advanced technology in OGEA sector
Digital technologies offer opportunities to reduce costs in various ways and is also creating new business models that are being pioneered by new entrants from outside the sector. To maintain competitiveness, businesses must ensure that their organisation is ready to meet new digital challenges to respond to customer needs, and where possible, define the future of digital engagement.
Digital technologies offer significant opportunity for improved quality and cost savings across the OGEA sector by enabling more efficient design, operation and maintenance of assets throughout their lifecycle. Digital projects have delivered millions of dollars in savings by optimising production and business processes. By using data to drive business and operational decisions, many companies are progressing with their own transformation to the next level of performance and operational excellence.
Companies are digitising essential functions within their internal vertical value chain, as well as with their horizontal partners along the supply chain. In addition, they are enhancing their product portfolio with digital functionalities and introducing innovative, databased services. However, many chemicals companies are still in the early stages of understanding how such opportunities can be applied effectively to their businesses.
How PwC can help
Our chemicals advisory team at PwC can provide chemical industry knowledge and functional expertise in digital operations, customer management, business transformation, process optimisation and supply chain.
Our offerings include:
Strategy through Execution - Holistic consulting approach to advice clients’ digital journey.
Digital Collaboration - Solutions for the perfect collaboration with your clients, partners and suppliers.
Technological implementation and automation - Expertise in the development and implementation of technological platforms.
Business Analytics - Extensive knowledge and experience in the analysis of business data.
Customer experience (CX) - Innovative solutions by combining our structured frameworks with creative approaches, e.g. prototyping.
Develop digitalisation vision
Identify digital maturity
Define digital principles and ownership
Develop a digital culture and strategy
Build the digital business on data insights
Digital initiatives implementation
Benefits:
Increased customer orientation
Improved operational efficiency
Improved responsiveness to competitors and suppliers
Better market positioning
Sustainable growth
Joining the emerging alternatives market supporting circular economy and succeeding
Realising the pressing need for transition from fossil fuels to low-carbon energy sources, PwC has pioneered the efforts for mainstreaming of next generation fuels like hydrogen, biofuels, synfuels, etc. These fuels can mitigate the concerns regarding round the clock supply, storage and also caters to sectors or process that are hard to electrify. PwC believes that significant opportunities exist for tapping the synergy between liquid or gaseous fuel coming from various sources.
Besides energy security, PwC’s endeavors in this area also focuses on carbon neutrality, import substitution, urban sanitation, increasing farmer income, social inclusion, etc.
How PwC can help
PwC has a dedicated team to support you in commercial, economic, regulatory, policy and technical aspects of fuel switching, supply chain mapping, green financing, policy interventions, etc. We provide consulting services in areas including Hydrogen, HCNG, BCNG, Bioethanol, Biodiesel, Waste-to-Energy, Coal-to-fuel.
Our key offering includes:
Resource mapping, technology mapping, market analysis, financial analysis and assessment of socio-economic benefits
Logistics and supply chain solutions
Policy design and implementation support, institutional capacity building and developing sector masterplans and roadmaps
Developing plans for energy inclusion through decentralised models and ensuring local community involvement
Strategy and operations
The global crude oil price plunge that got triggered in 2014-15 has cast a long shadow for the oil and gas producers. Despite signs of gradual recovery during 2016-18, uncertainty still prevails. Sluggish economic growth in some of the largest oil importing nations such as China and US, growing shift to more cleaner energy sources coupled with efficiency gains in shale gas production have only widened the demand and supply gap. With the majority of Oil & Gas companies deferring their capital expenditures, the opportunities for contractors and service providers have contracted drastically. How to sustain and grow in such a competitive environment is the key question being grappled with by oil and gas contractors and service providers today.
How PwC can help
We can help you make the right moves to expand your opportunity horizon and develop a competitive advantage that positions you favourably for addressing the opportunities.
Strategy
We have extensive experience in designing and implementing strategies for EPC contractors as well as service providers in the sector. Our deep knowledge and understanding of the value chain, the competitive landscape and global outlook help us design effective strategies for our clients on where to play and how to play.
PwC can help you with:
Growth strategy
Market entry strategy
Strategic bidding
Service portfolio assessment
Business expansion via adjacencies
Digital strategy
Operations
With prolonged periods of low crude prices and long-term forecasts having been considerably downgraded, it is the contractors and service providers that have been squeezed for margin. Oil and gas field developers are struggling with viability of their projects which is getting reflected in deferment of their projects. From efficiency improvements to looking at restructuring to leaner organisations are some of the areas the contractors and service providers are resorting to, to address such challenges.
PwC can help you with:
Efficiency improvement
Designing an efficient procurement and contracts function
Organisation restructuring
Support with critical yet non-core functions to lean organisations
Bid advisory
Claims and contracts management
Digital solutions
Virtual pipeline using LNG
The virtual natural gas/LNG pipeline replicates the continuous flow of a physical pipeline, particularly in areas where physical pipeline is not available. In India, due to delays in developing physical pipelines, virtual gas pipeline becomes critical in providing gas access to customers. Virtual pipeline system delivers LNG by road, rail and marine transport to areas/customers that are not connected by physical gas pipelines.
How PwC can help
PwC has a dedicated team to support you on commercial, economic, regulatory, policy and technical aspects of setting up virtual gas pipeline.
Our key offering includes:
Market analysis and financial analysis for virtual gas pipelines
Logistics and supply chain solutions
Regulatory review and policy design
Digital solutions
Regulatory advisory services
PwC has been at the forefront working with government agencies and oil and gas companies driving market through effective regulatory design, implementation and compliance management. The oil and gas regulatory consulting team at PwC helps government agencies in attracting investments, promoting competition, protecting the consumer interest, inducting new technologies, and ensuring compliance across the oil and gas value chain. At the same time, we work with oil and gas companies across the value chain to strategise for regulatory bidding rounds, effectively manage the regulatory compliance, technology enablement for monitoring and reporting tools and leverage the opportunities created by the regulatory changes.
How PwC can help
Our offerings in this area includes:
Developing sector master plans
Assistance in bidding rounds and project execution
Fiscal and regulatory benchmarking
Regulatory and policy design and implementation support
Technology enablement
Regulatory compliance solutions
Assistance in dispute resolution
Create value through acquisition, divestitures and investments
The need for ensuring security of supply, extending market presence, or freeing up cash and capital have made imperative for Indian oil and gas companies to alter their portfolios. Whether it is a full-scale merger, entering into a joint venture for a business opportunity or raising funds in the capital markets, PwC is a leader in the marketplace for our knowledge and experience in financial services.
How PwC can help
Financial due diligence
Valuation advisory
Deal structuring
Tax advisory
Capital and debt raising
Operational due diligence
Initiation of deals
Commercial due diligence and transaction support
Deal-closure documentation
Investment
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Contact us
Deepak Mahurkar
Partner and Leader,
India Oil & Gas Industry Practice, PwC India
Tel: +91 20 4100 4444
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